Company: Enghouse
Ticker: ENGH
Sentiment: It may be due for a reversal, it is currently down by about 24%. That means the upside to reach all-time high is about 31% from its previously closed price point.
Analyst PT: about $80
Risk: Low, it is a high quality stock that is bound to surpass the next couple of years, but if you want to play the short term swing, it...
Short-term momentum looks to have re-aligned with the longer-term uptrend. We had a deep pullback into late October, but the price doubled bottomed there and had a sharp recovery after. Looking to capitalize the short-term rally which could unfold into a major upwave.
Target is conservative but has a great reward:risk. Can also use ATR Stops as a trailing stop...
